💡 OKX Overview: Key Highlights
- Global Crypto Exchange: Founded in 2017, OKX operates in 160+ countries with 60+ million users.
- Regulated in EU: First global exchange to obtain a full MiCA license for compliant crypto services across Europe.
- Low Fees: Competitive trading costs with transparent fee structures.
- Extensive Crypto Portfolio: Supports 300+ cryptocurrencies, including Bitcoin, Ethereum, and altcoins.
- Germany Limitation: Currently lacks savings-plan features for German users.
👉 Best Alternative: For a user-friendly experience, consider Bitvavo as an OKX alternative.
🔍 OKX In-Depth Review
Company Background
| Detail | Information |
|---|---|
| Legal Name | OKCoin Europe Ltd. |
| HQ | Malta |
| Founded | 2017 |
| Licenses | MiCA (EU) |
| Supported Cryptos | 307 |
| Languages | German, English, French + more |
✅ Pros and Cons
Pros
✔ Low trading fees (0.08% maker / 0.1% taker)
✔ MiCA-regulated for EU users
✔ 300+ cryptocurrencies
✔ Earn programs (staking, lending)
✔ NFT marketplace
Cons
✖ No savings plans in Germany
✖ Limited derivatives trading
🛠️ OKX Features Breakdown
| Feature | Availability |
|---|---|
| Spot Trading | ✅ |
| Staking/Rewards | ✅ |
| NFT Marketplace | ✅ |
| Trading Bots | ✅ |
| Mobile Apps (iOS/Android) | ✅ |
| Tax Reports | ✅ |
Staking & Earnings
- Flexible: Withdraw anytime (~3% APR)
- Fixed-Term: Higher yields (~8% APR)
💰 Fees & Payment Methods
| Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| SEPA Bank Transfer | Free | Free |
| Credit Card | 1.99% | N/A |
| Crypto Transfers | Free* | Network fees |
*Min. €1 deposit/withdrawal
🚀 How to Open an OKX Account
- Sign Up: Visit OKX
- Verify Identity: Upload ID/passport (10-minute process)
- Deposit Funds: Via bank transfer or crypto
- Start Trading: Buy/sell 300+ cryptos
❓ FAQ
Is OKX safe?
Yes – MiCA-licensed, 2FA, 98% cold storage, and insured assets.
Can I withdraw crypto?
Yes – Send to external wallets (network fees apply).
What’s the minimum deposit?
€1 for fiat; varies per crypto.
Any hidden costs?
No – Fees are transparent (see table above).
📌 Final Verdict
OKX excels as a low-cost, regulated exchange for beginners and advanced users alike. While lacking savings plans in Germany, its 300+ cryptos, staking options, and NFT marketplace make it a top contender.